ECCP at Work

BCDA promises to obtain favorable Pax Silica terms

THE Bases Conversion and Development Authority (BCDA) said negotiations between the Philippines and US on the governing framework for the upcoming Pax Silica hub are ongoing, and committed to secure favorable terms for the Philippines.

PH inflation seen staying above 6% in 2026 

Inflation is likely to remain above government targets through the rest of 2026, with the Congressional Policy and Budget Research Department (CPBRD) seeing growth in consumer prices potentially breaching 7 percent anew in the second half.

MinDA, ECCP Forum Unlocks Private Sector Potential in BARMM 

MinDA, ECCP, Ayala Foundation and the European Union brought government, business and development leaders together for a forum focused on expanding private sector participation in the BARMM and the BIMP-EAGA. MinDA reaffirmed its support for BIMP-EAGA Vision 2035, which seeks to build a $720 billion regional economy by 2035. 

Gov’t faces constraints in funding new 2027 projects

The Marcos administration’s proposed 2027 national budget has limited room to fund new and emerging priorities as mandatory expenditures increasingly crowd out the allocable portion, according to the Congressional Policy and Budget Research Department (CPBRD).

ECCP’s 2026 Tax Forum highlights BIR reforms, digitalization

The forum provided businesses with practical insights on pre-filing preparation, regulatory updates, audit readiness and emerging tax frameworks as part of the ECCP’s continuing efforts to support companies operating in the Philippines by facilitating timely discussions on policies that impact the business environment.

The EU and the Philippines: Partners in a more uncertain world

No country, however capable, can meet today’s challenges alone. Security, stability and a rules-based order are not given. They are built and defended together. That is the deeper meaning of the Enhanced Partnership, and it is why the European Union intends to remain a reliable, long-term partner of the Philippines.

BTr raises P25.2B as long-term yields climb

The Bureau of the Treasury raised P25.2 billion from the reissuance of two Treasury bonds on Tuesday as geopolitical risks and persistent inflation kept borrowing costs elevated for longer-dated debt.

UK looks to Cebu for green investment opportunities

The British government is exploring investment opportunities in Cebu’s renewable energy and waste management sectors as the province confronts persistent power outages and growing solid waste challenges. 

DoF open to scrapping some taxes

The Department of Finance (DoF) is open to proposals to reduce or repeal some taxes, including the value-added tax (VAT), provided the resulting revenue losses are offset by alternative sources, Finance Secretary Frederick D. Go said.

Peso sinks to 3-week low as peace deal hopes fade

The Peso slid to an over three-week low on Tuesday as global crude oil prices jumped due to fading hopes of a peace deal between the United States and Iran.

PH remittances growth skids to over 4-year low in June

A prolonged conflict in the Middle East and the resulting surge in prices across countries that host Filipino migrants slowed the growth of cash remittances to its weakest pace in more than four years in June.

P210.93-million farm aid allocated to areas hit by storms, monsoon rains

THE Department of Agriculture (DA) said it will provide P210.93 million worth of farm inputs to assist farmers affected by Tropical Cyclones Luis and Maymay, as well as the enhanced southwest monsoon (habagat). 

‘Slow growth, high inflation pose challenge to poverty reduction’

Weak growth and high inflation are complicating further poverty reduction efforts, making it harder to achieve the eight to nine percent poverty rate goal by 2028, according to economists.